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Iran's largest exchange sees a 700% increase in cryptocurrency outflows after US airstrikes
According to CoinDesk, monitoring by Elliptic shows that within minutes of the first airstrikes by the U.S. on Tehran, the outflow of cryptocurrency from Iran's largest exchange, Nobitex, surged by 700%. Elliptic reported that Nobitex processed $7.2 billion in cryptocurrency transactions in 2025 and has over 11 million users.
The flow of funds indicates that cryptocurrencies are being sent to overseas exchanges, which may represent a capital outflow to evade the traditional banking system. Additionally, Elliptic had previously detected a spike in outflows on January 9 due to protests and internet blackouts. After the airstrikes, Bitcoin briefly fell below $64,000 before recovering to around $65,500, while Ethereum dropped to around $1,930.
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